DraftKings and FanDuel Win Approval to Partner With Arkansas Casinos The Arkansas Racing Commission has granted approval for daily fantasy sports operators DraftKings and FanDuel to partner with three casinos in the state, allowing them to offer online sports betting services. The commission voted 5-0 in favor of the permits, paving the way for DraftKings and FanDuel to become the first two companies to offer legal online sports betting in Arkansas. The partnerships will allow DraftKings and FanDuel to operate online sportsbooks through their existing relationships with Southland Park Gaming and Racing in West Memphis, Oaklawn Racing Casino Resort in Hot Springs, and Saracen Casino Resort in Pine Bluff. The permits are valid for two years, during which time the companies must pay a 10% tax on their gross revenue. The approval marks a significant milestone for Arkansas, which became one of the first states to legalize online sports betting when it passed the Sports Wagering Act in May. The law allows licensed casinos to offer online sports betting, and DraftKings and FanDuel are the first companies to be approved to operate online sportsbooks in the state. DraftKings and FanDuel will need to meet certain requirements before they can begin operating their online sportsbooks, including implementing responsible gaming measures and paying a $50,000 application fee. The commission also plans to conduct regular audits to ensure that the companies are complying with the law and paying the required taxes. The approval is a major win for DraftKings and FanDuel, which have been aggressively expanding their presence in the online sports betting market. The companies have already launched online sports...#DraftKings #FanDuel #Arkansas_Racing_Commission #Southland_Park_Gaming_and_Racing #Oaklawn_Racing_Casino_Resort #Saracen_Casino_Resort #Sports_Wagering_Act
